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Goldman Sachs-backed fintech Jumo appoints Joe Mucheru as president

Nairobi, Jan. 30 -- Goldman Sachs-backed South African financial services start-up has appointed former ICT Secretary Joe Mucheru as the president of the company to rev up its expansion plans on the c... Read More


MSC Group completes Sh750bn purchase of Bollore Africa operations

Nairobi, Dec. 21 -- French logistics group Bollore announced on Wednesday it had completed the sale of its Bollore Africa Logistics arm to global shipping company MSC Group for Sh750.3 billion ($6.1 b... Read More


KRA in dilemma over Ruto directive on seizing property

Nairobi, Dec. 16 -- The Kenya Revenue Authority (KRA) faces a legal dilemma in the wake of President William Ruto's directive to the taxman to go slow on issuing distress orders that trigger asset sei... Read More


CAK stops mass layoff at Hillcrest school in Braeburn buy out

Nairobi, Dec. 9 -- The Competitions Authority of Kenya (CAK) has approved the acquisition of Hillcrest International by Braeburn Schools Limited on the condition that 175 employees out of 180 who were... Read More


Kenya's steady march to sustainable businesses

Nairobi, Dec. 9 -- Sustainability, circular economy, clean technology. All these terms may have sounded alien to most Kenyan companies a few years ago, but today they are increasingly becoming essenti... Read More


Hemingways takes over luxury boutique hotel Eden Nairobi

Nairobi, Dec. 6 -- Family-owned hotel group Hemingways Collection has taken over the management of Eden Nairobi, increasing the group's hotel portfolio to four. The exclusive Eden Nairobi, which was ... Read More


Collapsed US crypto firm FTX put billions in 3 Kenyan firms

Nairobi, Nov. 30 -- Crypto exchange FTX and its sister company Alameda Research, which have filed for bankruptcy in a United States court, invested billions in at least three Kenyan start-ups in what ... Read More


Wasoko founder on building Africa's fastest growing company in Nairobi

Nairobi, Nov. 25 -- Software developer Daniel Yu saw a gap in manufacturers' distribution chains and decided to fix it - building a platform to help retailers order goods. What the US-born techie sta... Read More


Court stops law allowing workers to withdraw pension for home purchase

Nairobi, Nov. 25 -- High Court has stopped the implementation of the Retirement Benefits (Mortgage Loans) (Amendment) Regulations, 2020 which allows workers to withdraw part of their pension to buy a ... Read More


Moses Kuria: A rabble-rouser sets to lead Kenya's manufacturing dream

Nairobi, Nov. 14 -- Moses Kuria, the former outspoken Member of Parliament for Gatundu South, placed a relatively big bet in the August 9 elections, running for Kiambu governor as well as distinguishi... Read More